Italy: Trade balance, in dollars

* indicates monthly or quarterly data series

Trade balance, billion USD

 Latest value 37.43
 Year 2023
 Measure billion U.S. dollars
 Data availability 1970 - 2023
 Average 13.65
 Min - Max -39.28 - 69.27
 Source The World Bank
For that indicator, we provide data for Italy from 1970 to 2023. The average value for Italy during that period was 13.65 billion U.S. dollars with a minimum of -39.28 billion U.S. dollars in 2010 and a maximum of 69.27 billion U.S. dollars in 2020. The latest value from 2023 is 37.43 billion U.S. dollars. For comparison, the world average in 2023 based on 112 countries is 6.39 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Italy - Trade balance, in dollars - Recent values chart

Historical chart
Italy - Trade balance, in dollars - historical chart - 1970-2023

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 99.14 2021 percent
 Trade openness 75.27 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 36.63 2022 percent
 Exports, billion dollars 790.43 2023 billion U.S. dollars
 Growth of exports 9.94 2022 percent
 Imports, percent of GDP 38.15 2022 percent
 Imports, billion dollars 759.28 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.06 2022 percent
 Foreign Direct Investment, billion dollars 62.73 2022 billion U.S. dollars
 Portfolio investment inflows, equities 3,673.58 2023 million dollars (current)
 Current account, percent of GDP 0.50 2023 percent
 Current account, in dollars 11.55 2023 billion U.S. dollars
 Trade balance, percent of GDP -1.52 2022 percent
 Trade balance, in dollars 37.43 2023 billion U.S. dollars
 Reserves 224.58 2022 billion U.S. dollars
 Remittances, percent of GDP 0.51 2022 percent
 Remittances 10,529.55 2022 million U.S. dollars
 Net errors and omissions 10,469.18 2023 million USD
 Foreign exchange reserves 216.02 9/2023 billion
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